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Need the answer this is problem Question 9 (1 point) Suppose the price of gasoline decreases from $4.00 to $2.40, and in response guantity demanded

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Need the answer this is problem

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Question 9 (1 point) Suppose the price of gasoline decreases from $4.00 to $2.40, and in response guantity demanded increases from 10900 to 12000. Using the mid-point formula, what is the price elasticity of demand? (Note: your answer should be correct to two decimal places.) Your Answer: Answer R A AT AN

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